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Thursday 10 December, 2009

National Express

Holding(s) in Company-Replace

RNS Number : 9026D
National Express Group PLC
10 December 2009
 

REPLACES THE ANNOUNCEMENT RELEASED AT 16.48 ON 9 DECEMBER 2009 UNDER RNS 8724D. TYPE OF FINANCIAL INSTRUMENT AMENDED UNDER 8C.


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

 



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are

attached:
 ii

National Express Group PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Yes

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

No

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

Yes

An event changing the breakdown of voting rights

No

Other (please specify):


No

3. Full name of person(s) subject to the
notification obligation:
 iii

Elliott International, L.P, Liverpool Ltd Partnership

4. Full name of shareholder(s) 
 (if different from 3.):iv

N/A

5. Date of the transaction and date on
which the threshold is crossed or

reached:
 v

7 December 2009

6. Date on which issuer notified:

9 December 2009

7. Threshold(s) that is/are crossed or
reached: 
vi, vii

Below 5% to 5%




 


8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering

transaction

Resulting situation after the triggering transaction

Number
of

Shares

Number
of

Voting

Rights

Number
of shares

Number of voting
rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares

GB0006215205

100

100

100

100


0.000019%

*see para. 13



B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date 
xiii

Exercise/ 
Conversion Period 
xiv

Number of voting
rights that may be

acquired if the

instrument is

exercised/ converted.

% of voting
rights







C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period 
xviii

Number of voting rights instrument refers to


% of voting rights xix, xx








Nominal

Delta



CFD over Ordinary Shares

GB0006215205




9,109,063


1.7858%

*see para. 13



Rights under Rights Issue 

GB00B580JL02


15/12/09


19,607,945

3.8442%

*see para. 13




Total (A+B+C)

Number of voting rights

Percentage of voting rights

28,717,108

5.6301% *see para. 13

  

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
 xxi

Holding consists of the following positions:

Shares - GB0006215205 

Ordinary shares - 100 shares

Ordinary shares (CFD) - 9,109,063 shares


Rights - GB00B580JL02

Rights - 19,607,945 rights


Total equivalent ords (Post capital raising) = 28,717,108  



Proxy Voting:

10. Name of the proxy holder:


11. Number of voting rights proxy holder will cease
to hold:


12. Date on which proxy holder will cease to hold
voting rights:




13. Additional information:

The attached disclosure has been made in accordance with Policy Statement PS 09/3 published in March 2009, and the associated Questions & Answers published on 11 June 2009 (the "Q&As").


The person making the notification acquired rights pursuant to the issuer's rights issue on 2/12/09.

In accordance with paragraph 19 of the Q&As, this acquisition will lead to their proportionate holding in the issuer to change from below 5% prior to the new shares being issued to [5,6301%] following the issue of the new shares. (New Total shares in issue are 510,061,986)


Accordingly, following completion of the rights issue, the person making the notification will have an interest in [5.6301%] of the issuer's shares.


If the disclosure made pursuant to this notification were to be made on the basis of the issuer's existing share capital (as notified by the issuer under DTR 5.6), then the person making the notification would have a disclosable interest of [18.76]% of the voting rights of the issuer. However, as this percentage figure will not reflect the actual position of such person upon completion of the rights issue, the person making the notification believes it would be misleading to the market to make a notification on this basis and has accordingly made the notification by reference to the issuer's share capital following completion of the rights issue


14. Contact name:

Dianne Robinson 

15. Contact telephone number:

0207 506 4334







……………………………………….


  

Note: Annex should only be submitted to the FSA not the issuer

Annex: Notification of major interests in share


A: Identity of the persons or legal entity subject to the notification obligation

Full name 

(including legal form of legal entities)


National Express Group PLC

Contact address 

(registered office for legal entities)


7 Triton Square

London  NW1 3HG

Phone number & email



Other useful information 

(at least legal representative for legal persons)





B: Identity of the notifier, if applicable

Full name


Dianne Robinson 

Contact address


7 Triton Square 

London  NW1 3HG

Phone number & email


0207 506 4334 

dianne.robinson@nationalexpress.com

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)



C: Additional information


For notes on how to complete form TR-1 please see the FSA website. 










This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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